Each one in plain English, with the numbers worked through for a shareholder.
30 July 2026capital raising announcement● Neutral
The share purchase plan raised only $875,750 against a roughly $5m target, bringing the total raise to $40,875,750. Tranche 2 (~$9.4m) still needs shareholder approval on 6 August; 8,543,861 new shares issue 30 July.
What it means for a shareholder
8.5m new shares at about A$0.1025 to raise about A$875,750. That's 0.568% dilution: every existing holder's slice gets 0.568% smaller. If you held A$1,000 of shares (9,756 at the issue price), your slice goes from 0.000653% to 0.000649% of the company. To keep it you'd need 56 more shares - about A$6 at the issue price.
Share purchase plan closing date extended from 17 to 24 July 2026 to give holders more time. The general meeting is confirmed for 6 August 2026, with Tranche 2 settlement on 13 August.
Share Purchase Plan opens, offering up to $30,000 per eligible holder at $0.1025 (target ~$5m), closing 17 July. Tranche 1 of the placement (~$30.6m) was issued 1 July; Tranche 2 (~$9.4m) awaits a general meeting around 6 August.
Offer booklet and options prospectus for the share purchase plan: up to $30,000 per holder at $0.1025, with one free 15c option per two shares, subject to approval. Repeats terms already announced; no new figures in the readable text.
24 June 2026capital raising announcement▲ GoodMajor
Comet Ridge raised $40m via a two-tranche placement at $0.1025 per share, a 21.2% discount to the last close, plus a planned $5m share purchase plan. Proceeds fund the Santos Mahalo acquisition and FID preparation, addressing the open funding question. Attaching options have a 15c strike.
12 Dec 2024capital raising announcement● NeutralMajor
Comet Ridge raised about $12m through a placement at $0.14 per share, a 9.7% discount to the last close. Funds are intended for its share of Mahalo JV FEED, Mahalo East production testing, Mahalo North approvals and corporate costs. This follows the $15m raised at $0.17 in February 2024.
14 Feb 2024capital raising announcement● NeutralMajor
Comet Ridge raised $15m through a placement of 88.5m shares at $0.17, a 12.8% discount to last close, lifting pro-forma cash from $7.8m to $22.8m. Funds go to Mahalo North, its share of Mahalo JV FEED costs and working capital.
What it means for a shareholder
88.5m new shares at A$0.170 to raise about A$15.0m. That's 8.0% dilution: every existing holder's slice gets 8.0% smaller. If you held A$1,000 of shares (5,882 at the issue price), your slice goes from 0.000579% to 0.000533% of the company. To keep it you'd need 513 more shares - about A$87 at the issue price.
COI raised $24m through a placement of about 137m shares at $0.175, a 20% discount to the 5-day VWAP. Funds: $8.6m for Mahalo North/East drilling, $8.2m for loan repayment, $5.0m working capital, plus reserves certification.
COI raised $5.3m gross ($5.0m net) via a placement of 64.5m shares at $0.0825, a 12% discount to the 20-day VWAP, about 8.1% of issued capital. Funds support Mahalo North appraisal drilling; pro-forma cash is $14.7m including the $6.5m PURE tranche.
What it means for a shareholder
64.5m new shares at A$0.0825 to raise about A$5.3m. That's 7.5% dilution: every existing holder's slice gets 7.5% smaller. If you held A$1,000 of shares (12,121 at the issue price), your slice goes from 0.00152% to 0.00141% of the company. To keep it you'd need 983 more shares - about A$81 at the issue price.
Share purchase plan closed with $1,613,500 of applications at $0.19, well short of the $3m cap, with no scale back. Together with the $10m placement, the raising totals about $11.6m. Shares issue 19 December.
Formal offer documents for the share purchase plan are sent out: eligible holders can buy $2,000 to $30,000 of shares at $0.19, capped at $3m and not underwritten. Administrative step in the raising announced 27 November.
27 Nov 2019capital raising announcement● NeutralMajor
Raises $10m via placement at $0.19 (10% discount to 5-day VWAP), about 52.6m shares, plus a share purchase plan of up to $3m at the same price. Funds Mahalo North, Mahalo pre-FID work and Albany testing. Follows cash of $9.4m at 30 Sep.
Routine paperwork: COI issued 51,225,437 placement shares at $0.34, completing the $17.4m placement announced on 14 September. The notice confirms compliance with disclosure rules.
COI raised $17.4m through an institutional placement at $0.34 per share, about 51.2m shares (7.6% of capital), backed by new cornerstone institutions. Funds go to the Mahalo 2018 program, Albany 1 completion, Albany 2 and seismic, plus working capital.
What it means for a shareholder
51.2m new shares at about A$0.3398 to raise about A$17.4m. That's 7.0% dilution: every existing holder's slice gets 7.0% smaller. If you held A$1,000 of shares (2,943 at the issue price), your slice goes from 0.000435% to 0.000404% of the company. To keep it you'd need 223 more shares - about A$76 at the issue price.
The Share Purchase Plan drew over $4.4m of applications against a $3m target, and was scaled back to about $3.1m at $0.235. Together with the $10m placement, this completes the November raising; new shares are allotted 1 December.
Comet Ridge opens its Share Purchase Plan: eligible holders at 8 November can buy up to $10,000 of shares at $0.235, the same price as the $10m placement. It aims to raise up to $3m; closes 28 November. Follows the 9 November raising.
Comet Ridge raised $10m through a placement of about 42.6m shares at $0.235, a 14.5% discount to the 5-day VWAP, and offered a Share Purchase Plan of up to $3m at the same price. Funds go to Mahalo, the Albany appraisal and working capital. The price is well above June's $0.125 raising.
What it means for a shareholder
42.6m new shares at A$0.235 to raise about A$10.0m. That's 6.5% dilution: every existing holder's slice gets 6.5% smaller. If you held A$1,000 of shares (4,255 at the issue price), your slice goes from 0.000689% to 0.000644% of the company. To keep it you'd need 293 more shares - about A$69 at the issue price.
2 June 2017capital raising announcement▲ GoodMajor
Comet Ridge raised A$5.3m through an oversubscribed institutional placement of 42.4m shares at A$0.125, a 15% discount to the 30-day VWAP, up from the A$0.05 raising in late 2016. Funds the Mahalo 2P reserves program; field work is expected to start before end-July.
What it means for a shareholder
42.4m new shares at A$0.125 to raise about A$5.3m. That's 6.9% dilution: every existing holder's slice gets 6.9% smaller. If you held A$1,000 of shares (8,000 at the issue price), your slice goes from 0.00139% to 0.0013% of the company. To keep it you'd need 590 more shares - about A$74 at the issue price.
The entitlement offer closed oversubscribed, raising A$1,052,515 at A$0.05. A further A$402,065 placement meets excess demand, taking the total to A$1,454,580 for 29,091,607 shares, with some excess applications scaled back. Cash rises to about A$2.96m before costs.
What it means for a shareholder
29.1m new shares at about A$0.0362 to raise about A$1.1m. That's 5.0% dilution: every existing holder's slice gets 5.0% smaller. If you held A$1,000 of shares (27,640 at the issue price), your slice goes from 0.00505% to 0.0048% of the company. To keep it you'd need 1,469 more shares - about A$53 at the issue price.
Letter to shareholders on the entitlement offer: up to 21,050,022 new shares at A$0.05, raising up to A$1,052,501, about 4.0% of issued capital. Shortfall may be placed within 3 months. Restates already announced terms.
What it means for a shareholder
21.1m new shares at A$0.050 to raise about A$1.1m. That's 3.7% dilution: every existing holder's slice gets 3.7% smaller. If you held A$1,000 of shares (20,000 at the issue price), your slice goes from 0.00365% to 0.00352% of the company. To keep it you'd need 769 more shares - about A$38 at the issue price.
Comet Ridge launched a raise of about A$2m at A$0.05 a share: a A$1.0m placement of 20m shares plus a 1-for-25 entitlement offer for up to about A$1.05m. The price is a 28.6% discount to the last trade of A$0.07. Funds go to working capital.
Offer booklet for the 1-for-25 non-renounceable entitlement offer at A$0.05, raising about A$1.052m if fully taken up. It opens 12 October and closes 31 October 2016, and is not underwritten. Repeats terms of the same-day raising announcement.
The Share Purchase Plan closed with A$1.106m from 163 shareholders for 8,192,551 shares at A$0.135, with no scale-back. That is well under the A$2m cap, so total raised is about A$9.1m with the A$8m placement, funding Mahalo appraisal.
What it means for a shareholder
8.2m new shares at A$0.135 to raise about A$1.1m. That's 1.6% dilution: every existing holder's slice gets 1.6% smaller. If you held A$1,000 of shares (7,407 at the issue price), your slice goes from 0.00144% to 0.00141% of the company. To keep it you'd need 118 more shares - about A$16 at the issue price.
Share Purchase Plan documents issued: eligible shareholders can buy up to A$15,000 of shares at A$0.135, with the offer capped at A$2m. It closes 17 November 2014, and applications may be scaled back.
20 Oct 2014capital raising announcement● NeutralMajor
Comet Ridge raised A$8m through a placement of 59.3m shares at A$0.135 (11.4% of shares on issue), plus a Share Purchase Plan of up to A$2m. Funds go to Mahalo appraisal, starting with a horizontal well due to spud in November 2014.
What it means for a shareholder
59.3m new shares at A$0.135 to raise about A$8.0m. That's 11% dilution: every existing holder's slice gets 11% smaller. If you held A$1,000 of shares (7,407 at the issue price), your slice goes from 0.00161% to 0.00143% of the company. To keep it you'd need 958 more shares - about A$129 at the issue price.
31 July 2013capital raising announcement● NeutralMajor
Comet Ridge raised A$9m through a placement of 50 million shares at A$0.18, a 21.7% discount to the last close, lifting cash to about A$13m. Funds go to the Mahalo work-overs and operations. The first 2P reserves target slips to the first quarter of 2014.
What it means for a shareholder
50.0m new shares at A$0.180 to raise about A$9.0m. That's 11% dilution: every existing holder's slice gets 11% smaller. If you held A$1,000 of shares (5,556 at the issue price), your slice goes from 0.00136% to 0.00121% of the company. To keep it you'd need 681 more shares - about A$123 at the issue price.
The retail offer raised about A$3.1m, with applications for 84% of shares offered. Total equity raised is about A$9.4m at A$0.10, above the A$7.7m first targeted. The underwriter was not called on.
Cover letter and booklet for the retail entitlement offer (1 new share per 4 held at A$0.10), despatched to eligible shareholders. Administrative; terms were already announced.
Notice that shareholders with registered addresses outside Australia, New Zealand or the UK are ineligible for the retail offer. Administrative, with no new terms; it restates the A$6.3m institutional and placement raising and up to A$3.9m retail.
